Financial Data and Key Metrics Changes - In Q4 2025, the company achieved a record adjusted pre-tax income of over $1 billion for the fifth consecutive quarter, with full-year net revenues exceeding $6 billion for the first time [6][15] - Client equity rose 37% to $780 billion, marking an increase of over $200 billion year-over-year [4] - Commission revenues reached a record $582 million for the quarter and $2.1 billion for the full year, up 27% from the previous year [15] - Net interest income for the quarter was $966 million, with a yearly record of $3.6 billion, despite multiple rate cuts [15][22] Business Line Data and Key Metrics Changes - Trading volumes in options increased by 27% year-over-year, while futures contract volumes rose by 22% for the quarter [20] - Stock share volumes increased by 16% for the quarter and 38% for the full year, driven by client preference for larger, higher-quality stocks [21] - The average commission per cleared commissionable order was $2.64, down from the previous year due to smaller average order sizes [21] Market Data and Key Metrics Changes - The company expanded market access to Brazil, Taiwan, the UAE, and Slovenia, with plans for additional countries in 2026 [7] - Trading volume during overnight hours grew rapidly, up 76% from the previous quarter and over 130% from the fourth quarter of the previous year [12] Company Strategy and Development Direction - The company continues to focus on automating its brokerage business while improving and expanding its offerings at competitive prices [26] - The introduction of AI-powered tools and features aims to enhance client engagement and streamline the research process [10][11] - The company is exploring opportunities in prediction markets and has launched ForecastX, which lists over 10,000 instruments [13][36] Management's Comments on Operating Environment and Future Outlook - Management noted strong global demand for investing, with clients increasingly comfortable taking on risk and expanding their market exposure [3][4] - The company expects to maintain its account growth momentum, driven by its attractive platform and global access [39] - Management expressed confidence in the continued effectiveness of their business strategy and the potential for future growth [26] Other Important Information - The company doubled the amount of cash eligible for its FDIC Suite program, enhancing client funding options [8] - The launch of the Carta Visa Infinite Card allows clients to access cash instantly worldwide without foreign transaction fees [9] Q&A Session Summary Question: Inquiry about customer credit balances and yield dynamics - Management explained that net interest income from segregated cash and margin loans operates differently, with a repricing lag affecting yields [27][29] Question: Update on bank charter application process - Management provided insights into the ongoing communication with the OCC and the expectation to be operational by the end of the year if approved [30] Question: Update on prediction markets and regulatory landscape - Management discussed the recent ruling against Kalshi and emphasized that Interactive Brokers does not rely on sports for prediction markets [32] Question: Aspirations for a European banking license - Management indicated that while they have not started the process, they plan to acquire a banking license in Europe eventually, likely in Ireland [34] Question: Institutional adoption of prediction markets - Management noted that the focus is on selling the product rather than redesigning it, with ongoing efforts to onboard institutional clients [42]

Core Viewpoint - Interactive Brokers Group, Inc. reported strong fourth-quarter earnings, beating estimates on both earnings per share and revenue, yet the stock experienced a decline in after-hours trading. Financial Performance - Quarterly earnings were reported at 65 cents per share, surpassing the consensus estimate of 59 cents [2] - Revenue for the quarter reached $1.64 billion, exceeding the analyst consensus estimate of $1.61 billion and increasing from $1.39 billion in the same period last year [2] Key Metrics - Customer accounts grew by 32% to 4.4 million [3] - Customer equity rose by 37% to $779.9 billion [3] - Commission revenue increased by 22% to $582 million, driven by higher customer trading volumes [3] - Customer trading volume in options, futures, and stocks saw increases of 27%, 22%, and 16%, respectively [3] - Net interest income grew by 20% to $966 million, attributed to higher average customer margin loans and stronger securities lending activity [3] - The pretax profit margin for the current quarter was 79%, compared to 75% in the year-ago quarter [3]

Exhibit 99.1 INTERACTIVE BROKERS GROUP ANNOUNCES 4Q2025 RESULTS GAAP DILUTED EPS OF $0.63, ADJUSTED1 EPS OF $0.65 GAAP NET REVENUES OF $1.64 BILLION, ADJUSTED NET REVENUES OF $1.67 BILLION GREENWICH, CT, January 20, 2026 — Interactive Brokers Group, Inc. (Nasdaq: IBKR), an automated global electronic broker, announced results for the quarter ended December 31, 2025. Reported diluted earnings per share were $0.63 for the current quarter and $0.65 as adjusted. For the year-ago quarter, reported diluted earnin ...

Market Overview - US stock index futures are all down, with Dow futures down 1.24%, S&P 500 futures down 1.34%, and Nasdaq futures down 1.65% [1] - European indices also show declines, with Germany's DAX down 1.21%, UK's FTSE 100 down 0.86%, France's CAC40 down 0.89%, and the Euro Stoxx 50 down 1.01% [2][3] Oil Prices - WTI crude oil increased by 0.78% to $59.80 per barrel, while Brent crude oil rose by 0.67% to $64.37 per barrel [3][4] Technology Sector Insights - Wedbush analysts suggest that the Greenland tariff dispute may pressure the market at the open but could present a buying opportunity for technology stocks [5] - Analysts expect significant earnings growth for the S&P 500, with technology sector earnings projected to grow by 25.4% in 2025 and 31.1% in 2026, outpacing the overall index [8] Company-Specific News - Netflix is set to release its Q4 earnings report, with expectations of $0.55 earnings per share and $12 billion in revenue, although future revenue growth may slow [11] - Nvidia faces supply chain disruptions due to a halt in the export of its H200 AI chips to China, affecting over 1 million orders [13] - BHP reported a slight increase in iron ore production and raised its copper production guidance for the fiscal year [13] Economic Events - Upcoming earnings reports include Netflix and Interactive Brokers on Wednesday morning, and Johnson & Johnson and Halliburton before the market opens [15]

Group 1 - The article does not provide any specific information regarding the company or industry [1]

Economic Reports - The delayed November Personal Consumption Expenditures (PCE) report is expected on Thursday, skipping the October report due to a government shutdown, with the last September report showing +2.8% for both headline and core PCE [4] - The quarterly Gross Domestic Product (GDP) for Q3 2025 is also due on Thursday, with a first revision expected to align with the previously announced +4.3%, a significant improvement compared to the -0.6% reported in Q1 2025 [5] - Initial Jobless Claims are anticipated to rise above +200K, from +198K reported last week, indicating a "no hire, no fire" environment despite weaknesses in monthly job numbers [6] Q4 Earnings Reports - Q4 earnings season begins this week, with key reports from 3M and D.R. Horton before the market opens, and from Netflix, United Airlines, and Interactive Brokers Group after the market closes [7] - Interactive Brokers is rated as a buy (Zacks Rank 2), with expected growth of +2% on earnings and +4.3% on revenues [8] - Netflix, rated as a hold (Zacks Rank 3), is projected to achieve +27.9% growth in earnings and +16.8% in revenues as it expands globally [8] - D.R. Horton aims to exceed expectations of -25% earnings growth and -12% revenue decline [8]

Group 1 - The analyst had a hold bias on Interactive Brokers (IBKR) in August last year due to peak cycle valuations and limited volume growth potential [1] - Since the initial assessment, IBKR's margins have been a focal point for analysis [1] Group 2 - The analyst has over 20 years of experience in quantitative research, financial modeling, and risk management, focusing on equity valuation and market trends [1] - The approach combines rigorous risk management with a long-term perspective on value creation, emphasizing macroeconomic trends and corporate earnings [1]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Interactive Brokers Group, Inc. (IBKR) - IBKR currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Price Performance - Over the past week, IBKR shares increased by 4.82%, outperforming the Zacks Financial - Investment Bank industry, which rose by 0.84% [5] - In a longer timeframe, IBKR's monthly price change is 17.06%, significantly higher than the industry's 2.64% [5] - Over the past quarter, IBKR shares have risen by 9.69%, and over the last year, they have increased by 56.63%, while the S&P 500 has only moved 4.41% and 18.09%, respectively [6] Trading Volume - IBKR's average 20-day trading volume is 3,316,915 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for IBKR have been revised upwards, while none have been revised downwards, leading to an increase in the consensus estimate from $2.06 to $2.10 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [9] Conclusion - Considering the strong momentum indicators and positive earnings outlook, IBKR is recommended as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]

Core Insights - Interactive Brokers Group (IBKR) is set to report its fourth-quarter and full-year 2025 results on January 20, after market close [1] - The company's third-quarter 2025 earnings exceeded the Zacks Consensus Estimate, driven by increased revenues, growth in customer accounts, and a rise in Daily Average Revenue Trades (DARTs) [1] Financial Performance Expectations - For the upcoming quarter, IBKR is expected to see solid growth in both top and bottom lines, attributed to significant market volatility and increased client activity [2] - The Zacks Consensus Estimate for revenues is $1.49 billion, indicating a 4.3% year-over-year growth [2] - The earnings estimate for the fourth quarter has been revised upward by 6.1% to 52 cents per share, reflecting a 2% increase from the prior-year quarter [2] Estimate Revision Trend - Current earnings estimates for Q4 2025 stand at 0.52, with a slight increase from previous estimates of 0.49 a week ago and 0.50 a month ago [4] - The company has a history of earnings surprises, outperforming the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 7.98% [4][6] Key Q4 Estimates - Client activity and market volatility are expected to remain strong in Q4, influenced by factors such as the longest U.S. government shutdown, a decline in consumer sentiment, and easing monetary policy [6] - The Zacks Consensus Estimate for commission revenues is $536 million, reflecting a year-over-year increase of 12.6% [6] - Net interest income (NII) is projected to be $821.6 million, indicating a 1.8% rise from the prior-year quarter, despite recent Federal Reserve rate cuts [7] Cost and Investment Outlook - Total operating expenses are anticipated to be elevated as IBKR invests in enhancing platform capabilities, product innovation, customer support, and regulatory compliance [8] Earnings Prediction Model - The quantitative model indicates uncertainty in predicting whether IBKR will beat earnings estimates, as it lacks a positive Earnings ESP and a Zacks Rank of 3 or better [9] - Currently, the company holds a Zacks Rank of 2 (Buy) [10] Price Performance - In Q4, IBKR's stock performance was disappointing, underperforming compared to the industry and peers such as Charles Schwab and Tradeweb [11]

Company Overview - Interactive Brokers Group, Inc. is an automated global electronic broker, incorporated in 1977 and headquartered in Greenwich, CT, specializing in routing orders and executing trades across various financial instruments on over 160 electronic exchanges in 37 countries and 28 currencies [3] - The company has expanded its offerings to include trading of certain cryptocurrencies through third-party service providers [3] - As of September 30, 2025, Interactive Brokers had approximately 3,070 employees and conducted business primarily from offices in the U.S. and several international locations [4] Financial Performance - As of September 30, 2025, Interactive Brokers reported total assets of $200.2 billion, cash and cash equivalents of $5.1 billion, and total equity of $19.5 billion [6] - The company had 4.13 million total customer accounts and 3.62 million Daily Average Revenue Trades (DARTs) [6] - A $1,000 investment made in January 2016 would be worth $8,642.82 by January 16, 2026, reflecting a gain of 764.28%, significantly outperforming the S&P 500 and gold during the same period [7][8] Growth Projections - Analysts forecast a compound annual growth rate (CAGR) of 9% for total net revenues (GAAP) by 2027, supported by the company's efforts in software development and market expansion [9] - The stock has increased by 17.06% over the past four weeks, with no downward revisions in earnings estimates for fiscal 2025, indicating positive market sentiment [10] Challenges - Elevated expenses due to technology upgrades and investments in the franchise are expected to hinder bottom-line growth, with non-interest expenses projected to have a CAGR of 7.2% by 2027 [9][10] - A significant reliance on international revenues poses additional challenges for the company [10]